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I came to the exact opposite conclusion - I figured the author probably just doesn't have access to the quality startups. It's very easy to meet hundreds of lo
by swampthing 15y ago
I came to the exact opposite conclusion - I figured the author probably just doesn't have access to the quality startups. It's very easy to meet hundreds of low quality startups in SV, but it would be a mistake to generalize that experience to the entire population of startups in SV.
- fijiaaron 15y agoYou don't have to have access to startups, you can look at results. Maybe there are a bunch of stealth startups about to break through, but the only things the public hears about are groupon clones, photo sharing sites -- trivial apps with less of a business plan, less innovation, and less impact in the world than pets.com -- or biotech & green tech companies burning through massive government grants. The last startup to have much impact was probably twitter, and there hasn't been much else before or since in recent years. Groupon is big now, but in a couple years it'll probably be sold for fractions of a cent on it's acquisition cost to someone who thinks the brand name and mostly defunct email list still have value.